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Peter Cheng is a Principal at Initialized Capital based in San Francisco, California, where he specializes in early stage technology investments. Before joining the firm, he worked as an investor at Founders Fund and served as a software engineer at Palantir Technologies. Cheng transitioned into venture capital after earning a Bachelor of Science in Computer Science from Stanford University, allowing him to evaluate complex technical products. At Initialized Capital, a firm managing over $500 million in assets, he directs capital toward artificial intelligence, fintech, and enterprise software. His specific portfolio involvement includes notable companies such as Replicate, Ironclad, and Perplexity AI, alongside a recent 2025 seed investment in an emerging AI infrastructure startup. Bridging his technical engineering background with venture finance, Cheng currently concentrates on backing founders developing frontier technologies and advanced developer tools.